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Sydnee Gatewood
Sydnee Gatewood
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Mario Gabelli Comments on Newmont

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March 02, 2021 | About:
Newmont Corp. (1.4%) (NYSE:NEM) (NEM - $59.89 - NYSE) is the largest gold mining company in the world by volume, producing approximately 6.5 million ounces in 2020. Newmont aims to maintain production through internal expansion projects as some mines deplete. This capital-light model will allow the company to pay increasingly larger dividends if the price of gold stays at current levels or appreciates.

From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund fourth-quarter 2020 shareholder letter.


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